The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.9 - Manufacture Of Other Electrical Equipment
50 jobs Number of planned job creations
Announcement Date
14 May 2018
Employment effect (start)
1 August 2018
Foreseen end date
Description
Kemppi is a Finnish company producing welding equipment. By the end of August 2018, the company will close its plant in India (Chennai) ,and will move the production back to Finland (Lathi). The company aims to centralise its production activity, and locate it close to the product development department. Updating: the volume of production realized in Chennai was about 5% of the total. The relocation will bring about 50 new employees in Lathi, and up to thirty new subcontractors.
Eurofound (2018), Kemppi, Reshoring in Finland, factsheet number 72, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72.
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